Guyana's oil sector is set to benefit from the construction of a 20,000 square foot manufacturing facility, resulting from a joint venture between Guyanese owned Global Infrastructure Solutions Guyana Inc. and Emirati owned Unidome Global DWC LLC. The US$5 million...

By Andrew Latham, Vice President, Energy Research - Wood Mackenzie These are challenging times for upstream oil and gas, as the industry navigates unprecedented uncertainty. But the pain is not distributed equally. Growth from deepwater is much faster than from upstream...

With three major oil production projects already approved and a fourth one on the way, Guyana’s Vice President Dr. Bharrat Jagdeo said the logistics onshore and related investments in hotels and real estate to manage these developments will run...

By A. Bacchus Growing up in a small community in Canal Number One, on the West Bank of Demerara, at a time when very few people had dial-up internet and the ‘big back tv’ that required the youngest in the...

ExxonMobil has submitted the Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS) to Guyana’s Environmental Protection Agency (EPA) for the giant 250,000 barrels per day Yellowtail Development Project which is expected to last for at least 20 years. The...

The Government of Guyana is already in the advanced stages of completing its draft Local Content Legislation which outlines a sliding scale of targets to be achieved by petroleum companies and their subcontractors. The document proposes that Guyanese should be...

Government Liaison Officer for the Guyana Shore Base Incorporated (GYSBI), Rabin Chandrapal, has disclosed that the hiring of locals will begin as soon as month-end following the conclusion of the company’s last career fair on October 16. As a local...

Guyana has galvanized funding from various sources to finance the construction of 10 solar farms across the country, in keeping with the government’s plan to diversify its energy mix. Using part of the proceeds from an Inter-American Development Bank (IADB)...

Guyana’s Maritime Administration Department (MARAD) has announced that preparations for commencement of installation activities at the Stabroek Block for the Liza Unity Floating Production Storage and Offloading (FPSO) vessel will soon get underway, as the South American country prepares...

As Brent oil price continues to rise, a researcher at consultancy group Wood Mackenzie says the upstream industry is set to generate a windfall and this presents a golden opportunity to reposition for a very different future. In previous upcycles...